Tolland Bank Has $113,000 Profit

Vernon-based Tolland Bank said Tuesday that it earned $113,000, or 10 cents a share, in the third quarter, compared with a loss of $490,000, or 43 cents a share, for the same time last year.

Bad loans and other nonperforming assets dropped to $12.8 million as of Sept. 30, from $13.5 million on June 30. As of Sept. 30, 1991, nonperformers totaled $12 million. Capital ratios, measures of a bank's health, were above regulatory minimums.

After a $225,000 provision to loan-loss reserves, Tolland Bank said that pool, which offers protection from bad loans, totaled $2.025 million. At the same time last year, reserves totaled $1.97 million after a $761,000 provision for that period.

Assets totaled $200.9 million, down slightly from $196.1 million at the same time last year. Deposits stood at $175.9 million, down from $181.1 million. Loans were listed at $128.8 million, compared with $139.2 million